Ad-hoc | 28 February 2017 21:05
Marenave Schiffahrts AG / Key word(s): Agreement/Banking Syndicate
28-Feb-2017 / 21:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Until today Marenave Schiffahrts AG (Marenave or Company) has received
written declarations of the relevant financing banks, according to which
they extend their statements (partially) not to seriously demand payment of
the amounts due under the respective ship financing loans and under the
corresponding guarantees given by Marenave (see ad-hoc announcement on 26
January 2017) until 31 March 2017. These statements are subject to
immediate revocation notably in case that certain milestones are not
reached in due time or to the banks' satisfaction.
The negotiations on agreements on the restructuring and release of
liability between the Company and the financing banks are being continued.
The Management Board
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28-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Marenave Schiffahrts AG
Caffamacherreihe 7
20355 Hamburg
Germany
Phone: 040 / 28 41 93 0
Fax: 040 / 28 41 93 297
E-mail: info@marenave.com
Internet: www.marenave.com
ISIN: DE000A0H1GY2
WKN: A0H1GY
Listed: Regulated Market in Hamburg; Regulated Unofficial Market
in Berlin, Munich; Open Market in Frankfurt
End of Announcement DGAP News Service